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8422 Menkar, San Diego, California 92126, San Diego, 92126 - 4 bed, 2 bath

8422 Menkar, San Diego, California 92126 home-pic-0
ACTIVE$1,039,500$1,784/sqft
Est. Value: $1,008,696
-2%
FairlyEstimate
8422 Menkar, San Diego, California 92126
4Beds
2Baths
1,784Sqft
8,000Lot

Price Vs. Estimate

The estimated value ($1,008,696.01) is $30,803.99 (2%) lower than the list price ($1,039,500). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8000, living area = 1784.
Top Cons:
Unpermitted Modifications & Code Risk: The property has undergone numerous alterations, including additional bedrooms, bathrooms, and kitchens, with no seller representations or warranties regarding permits or code compliance, posing significant legal and financial risks.

Compared to the nearby listings

Price:$1.04M vs avg $1.09M ($-55,000)38%
Size:1,784 sqft vs avg 1,631.5 sqft60%
Price/sqft:$583 vs avg $68516%

More Insights

Built in 1975 (51 years old).
Condition: Built in 1975, this property has undergone numerous unpermitted modifications, including multiple kitchens and bathrooms, and is being sold strictly 'AS IS' with no warranties regarding code compliance. While some areas feature updated elements like modern kitchen cabinets, stone flooring, and newer bathroom vanities, other sections are dated with older tile, basic fixtures, and show signs of wear. The significant legal and structural risks associated with unpermitted work, coupled with the 'AS IS' sale, indicate that the property requires substantial investigation, potential rehabilitation, and costly remediation to ensure safety and code compliance, pushing its condition into the 'Poor' category despite some cosmetic updates.
Year Built
1975
Close
-
List price
$1.04M
Original List price
$1.16M
Price/Sqft
$583
HOA
-
Days on market
-
Sold On
-
MLS number
CV25262631
Home ConditionPoor
Features
Patio
ViewNeighborhood

About this home

This uniquely configured property offers three distinct living areas and a generously sized yard featuring vinyl fencing in the front and side yard areas as well as wood fencing in the rear. The garage has been converted and currently functions as two bedrooms, a bathroom, and a kitchen. The middle portion of the home has also undergone modifications, including the addition of extra bedrooms and bathrooms. The rear of the home features a large kitchen with a wine refrigerator, stone flooring, and multiple bedrooms and bathrooms. Over time, the property has experienced numerous alterations, including additional bedrooms, bathrooms, and kitchen areas throughout. Seller makes no representations or warranties regarding any modifications, their permits, or current code compliance. Buyer(s) are strongly encouraged to conduct their own independent investigations to verify all information, including but not limited to permits, room count, square footage, and intended use, zoning, and city ordinances or required approvals. While the expansive configuration could potentially support an assisted-living–style setup, such use is strictly subject to city approval and may not be permitted. This statement is offered solely as a suggestion of possible use IF allowed by local regulations. Buyer(s) must confirm directly with the city regarding zoning, ordinances, and permits. This property presents a rare opportunity for those seeking significant space, flexibility, and a unique three-part layout—sold strictly AS IS. The information contained herein is based on original tax records.

Y
Yolanda Andrade
Listing Agent

Price History

Date
Event
Price
10/01/14
Sold
$495,000
02/13/07
Sold
$432,000
Condition Rating
Poor
Built in 1975, this property has undergone numerous unpermitted modifications, including multiple kitchens and bathrooms, and is being sold strictly 'AS IS' with no warranties regarding code compliance. While some areas feature updated elements like modern kitchen cabinets, stone flooring, and newer bathroom vanities, other sections are dated with older tile, basic fixtures, and show signs of wear. The significant legal and structural risks associated with unpermitted work, coupled with the 'AS IS' sale, indicate that the property requires substantial investigation, potential rehabilitation, and costly remediation to ensure safety and code compliance, pushing its condition into the 'Poor' category despite some cosmetic updates.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8000, living area = 1784.
Flexible Multi-Unit Potential: The property's unique configuration with three distinct living areas, including a converted garage and modified middle/rear sections, offers significant flexibility for multi-generational living or potential income-generating units.
Generous Outdoor Space: A generously sized 8,000 sqft lot with vinyl and wood fencing provides ample private outdoor space, a valuable asset in the San Diego market.
Desirable San Diego Location: Situated in the established Mira Mesa neighborhood (92126) within the San Diego Unified School District, offering access to a sought-after community and amenities.
Recent Price Adjustment: A recent price reduction from $1,155,000 to $1,039,500 makes the property more competitive and may indicate a motivated seller, presenting a potential value opportunity.
Specialized Use Potential: The expansive and segmented layout could potentially support specialized uses such as assisted living, subject to city approval, offering a unique niche market appeal.

Cons

Unpermitted Modifications & Code Risk: The property has undergone numerous alterations, including additional bedrooms, bathrooms, and kitchens, with no seller representations or warranties regarding permits or code compliance, posing significant legal and financial risks.
Sold Strictly 'As-Is': Offered in 'as-is' condition, the seller will not undertake any repairs or upgrades, transferring all responsibility for current and future property conditions to the buyer.
Extensive Due Diligence Required: Buyers are explicitly advised to conduct thorough independent investigations into permits, room count, square footage, zoning, and city ordinances, indicating a complex transaction with potential hidden costs and regulatory hurdles.
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